Insolvency Insurance Sample Clauses

Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to HPN a true copy of Provider’s current Insolvency Insurance Policy, not later than the effective date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to HPN a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give HPN immediate written notice thereof.
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Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to SelectCare a true copy of Provider’s current Insolvency Insurance Policy, not later than the Effective Date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to SelectCare a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give SelectCare immediate written notice thereof.
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Insolvency Insurance. 1. In accordance with Act No. 281/2001 Coll. on Tours, Conditions of Business Activities of Travel Agencies and Travel Agents, as amended, the Organizer is obliged to arrange compulsory contractual insurance of the tour in the event of its insolvency. The Organizer, as the policyholder, has concluded a contract for the insurance of the tour in the event of its insolvency with UNION Insurance Company, a.s., as the insurer. Based on this contract, the Customer, as the insured, to whom the concluded Contract applies, has the right to insurance benefits in cases where the Organizer, due to its insolvency, does not provide the Customer with transportation from the place of stay abroad to the Slovak Republic if this is part of the tour, does not return the Customer the paid deposit or the price of the tour if the tour did not take place, or does not return the Customer the difference between the paid price of the tour and the price of the partially provided tour if the tour was only partially provided. 2. In addition to the obligations stipulated by generally binding legal regulations, the Customer as the insured is particularly obliged to: a) notify the insurer in writing of this fact no later than 6 months from the date of the occurrence of the insured event. The written form is not required if the Organizer, due to its insolvency, does not provide the Customer with transportation from the place of stay abroad to the Slovak Republic, b) provide the insurer with the necessary cooperation in determining the scope and amount of their claims for insurance benefits, in particular by submitting the Contract and other documents that are decisive for assessing the occurrence of the insured's right to insurance benefits and its amount, as well as allowing the insurer to conduct an investigation related to this, c) secure the right to compensation from another party or a similar right. If the Customer as the insured breaches the above obligations, the insurer is entitled to reduce the insurance benefits according to the extent to which this breach affected the insurer's obligation to pay. 3. The travel agency shall provide the Customer, together with the Contract, a document containing information about the concluded insurance of the tour, indicating the insurer, the conditions of the insurance, and the method of reporting the insured event. 4. The detailed wording of the General Insurance Conditions for compulsory contractual insurance of the tour in the event of the O...
Sample 1
Insolvency Insurance. If RPO has entered into any agreement for insolvency insurance insuring RPO or its members against risks of RPO's insolvency ("Insolvency Insurance Policy"), RPO shall provide to Texas HealthSpring a true copy of RPO's current Insolvency Insurance Policy, not later than the effective date of this Contract. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, RPO shall provide to Texas HealthSpring a true copy thereof. If RPO receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, RPO shall give Texas HealthSpring immediate written notice thereof.
Sample 1
Insolvency Insurance. According to the Act on the Provision of Tourism Services of the Republic of Croatia, the Agency is obliged to deposit, for each travel arrangement, an insolvency security with an insurance company or a bank in the Republic of Croatia, for a) the refund of all payments made by or on behalf of the Traveller in connection with the Travel Arrangement Contract for services which have not or will not be performed or will only be partially performed as a consequence of the Agency’s insolvency or bankruptcy, and b) a compensation to the Traveller for necessary accommodation, meals and return to the place of travel program departure, if transportation of the Traveller was included in the Travel Arrangement Contract, as well as for all other claims in this respect, attributable to the Agency's insolvency or bankruptcy. The Agency has concluded an Insolvency Insurance Contract with Triglav d.d. insurance company. In case of an occurrence of an insured event, the Traveller must contact the insurer as quickly as possible at the following address: Triglav Osiguranje d.d. Zagreb (Rijeka branch), Xxxxxx Xxxxxx 0, 00000 Xxxxxx, Xxxxxxx, EU Tel.: +385/00000000, e- mail: xxxxxx@xxxxxxx-xxxxxxxxxx.xx. The number of insolvency insurance policy is 990007052537, valid until December 1, 2020. By signing the Travel Arrangement Contract or by settling full payment of the agreed travel program to the Agency’s official bank account, the Traveller confirms that the Agency has made the Traveller aware of the contents of the applicable insolvency insurance policy.
Sample 1
Insolvency Insurance. If Provider has entered into any agreement for insolvency insurance insuring Provider or Members against risks of Provider’s insolvency (“Insolvency Insurance Policy”), Provider shall provide to PMC a true copy of Provider’s current Insolvency Insurance Policy, not later than the effective date of this Agreement. Within fifteen (15) days after receipt of any renewal or replacement Insolvency Insurance Policy, Provider shall provide to PMC a true copy thereof. If Provider receives notice from the Insolvency Insurer of termination or nonrenewal of such Insolvency Insurance Policy, Provider shall give PMC immediate written notice thereof.
Sample 1

Related to Insolvency Insurance

  • Terrorism Insurance Insurance required under Section 6.10(a)(i) and (ii) and Section 6.10(b) will provide coverage for acts of terrorism. Terrorism coverage may be provided through one or more separate policies, which will be on terms (including amounts) consistent with those required under Section 6.10(a)(i) and (ii) and Section 6.10(b). If Insurance against acts of terrorism is not available at commercially reasonable rates and if the related hazards are not at the time commonly insured against for properties similar to the Mortgaged Property and located in or around the region in which the Mortgaged Property is located, then Lender may opt to temporarily suspend, cap or otherwise limit the requirement to have such terrorism insurance for a period not to exceed one year, unless such suspension or cap is renewed by Lender for additional one year increments.

  • Casualty Insurance The Lessor ☐ The Lessee ☐ The Parties (jointly) shall be responsible for obtaining and maintaining casualty insurance for the Premises for losses against fire.

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Insurance Generally All insurance maintained by You pursuant to the foregoing provisions shall contain a waiver of subrogation rights in respect of any liability imposed by this Agreement on You as against Us. You shall hold Us harmless from, and shall bear the expense of, any applicable deductible amounts and self insured retentions provided for by any of the insurance policies required to be maintained under this Agreement. In the event of loss, You shall promptly pay amount of the deductible amount or self-insured retention or the applicable portion thereof to Us or the insurance carrier, as applicable. Notwithstanding anything to the contrary contained in this Agreement, the fact that a loss may not be covered by insurance provided by You under this Agreement or, if covered, is subject to deductibles, retentions, conditions or limitations shall not affect Your liability for any loss. Should You fail to procure or pay the cost of maintaining in force the insurance specified herein, or to provide Us upon request with satisfactory evidence of the insurance, We may, but shall not be obliged to, procure the insurance and You shall reimburse Us on demand for its costs. Lapse or cancellation of the required insurance shall be deemed to be an immediate and automatic default of this agreement. The grant by You of a sublease of the Equipment rented/leased shall not affect Your obligation to procure insurance on Our behalf, or otherwise affect Your obligations under this Agreement.

  • Boiler and Machinery Insurance The Owner shall have the option of purchasing and maintaining boiler and machinery insurance required by the Contract Documents or by law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner. If purchased this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub-subcontrators in the Work.

  • R&W Insurance Policy (a) Buyers have negotiated the R&W Insurance Policy. Immediately following the execution and delivery of this Agreement, Buyers shall bind coverage in respect of the R&W Insurance Policy to incept as of the execution and delivery of this Agreement and shall timely pay that portion of any premium and underwriting fee, in each case then due and payable, to the R&W Insurer to bind and incept coverage under the R&W Insurance Policy. Buyers shall take commercially reasonable action to pay the R&W Insurer the remainder of premium and all other costs required for issuance of the R&W Insurance Policy when due. Buyers shall take commercially reasonable action to execute and cause to be executed and delivered all documents attached to the R&W Insurance Policy or as otherwise may be required by the R&W Insurer in connection with: (a) binding coverage under the terms of the R&W Insurance Policy on the date of this Agreement and (b) issuing the final R&W Insurance Policy. The R&W Insurance Policy shall include a provision whereby insurer expressly irrevocably waives, and agrees not to pursue, directly or indirectly, any subrogation rights against the Sellers or any of their Affiliates or representatives with respect to any claim made by any insured thereunder unless such claims were the result of fraud prior to the Closing by any Seller or any of its Affiliates or representatives. The Sellers shall use commercially reasonable efforts to assist and cooperate with the Buyers in connection with any claim by any Buyer under, or recovery by any Buyer with respect to, the R&W Insurance Policy. Buyers shall not take affirmative action to amend the subrogation or third party beneficiary provisions contained in such R&W Insurance Policy benefiting any Seller without the consent of such Seller. (b) Notwithstanding any other provision of this Agreement, the Sellers, jointly and severally, shall reimburse and indemnify Buyers and their respective Affiliates, directors, officers, managers, members, employees and agents for any and all loss, liability, demand, claim of any kind, action, cause of action, cost, damage, fee, deficiency, tax, penalty, fine, assessment, interest or expense (including attorney’s fees, consultant fees, expert fees and any other reasonable fees including the reasonable fees, costs, charges and expenses of attorneys, accountants, brokers, consultants and/or other experts and/or other professionals in each case at their then-prevailing rates) arising out of or resulting from a breach of the representations and warranties in Article III of this Agreement up to an aggregate amount not to exceed $3,300,000.00 (being an amount representing one-half of the initial retention amount under the R&W Insurance Policy). Sellers’ obligation in this Section 10.23(b) shall remain in full force and effect until the latest of 45 days after the expiration of the R&W Insurance Policy, 60 days after all pending claims under the R&W Insurance Policy are fully and finally resolved, or the satisfaction in full of all outstanding obligations of the Sellers under this Section 10.23(b).

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

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